NSE 20 jumps 4.17% as Family Bank targets June 23 listing

The NSE 20 rose 4.17% to 1,080.87 on June 17, marking the session's standout move. Family Bank secured regulatory approval to list on June 23 after a 5-year wait, according to The Kenyan Wallstreet, Business Daily and Bizna Kenya. BAT Kenya announced a record final dividend of KSh 60 per share, its highest ever payout, according to Business Today Kenya and streamlinefeed.co.ke. Market flow was also supported by the NSE's launch of a banking sector index and by the upcoming listing of the Satrix MSCI World Feeder ETF, according to June 17 exchange statements.